Century Reports Fourth Quarter 2002 Loss; Remains Cash Flow Positive.

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Century Reports Fourth Quarter 2002 Loss; Remains Cash Flow Positive.

Business Editors

MONTEREY, Calif.--(BUSINESS WIRE)--Feb. 18, 2003

Century Aluminum Company (NASDAQ:CENX) reported a net loss of $2.8 million, or $0.16 a common share after preferred dividends, for the fourth quarter of 2002. This compares with a net loss of $14.4 million, or $0.72 a common share after preferred dividends, for the fourth quarter of 2001.

The 2002 quarter includes an after-tax credit of $1.8 million, or $0.09 a common share, for lower of cost or market inventory adjustments. The 2001 quarter included after-tax charges totaling $4.3 million, or $0...

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